6542 Mckellips Rd Mesa, AZ 85205
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Day care centers
Property Details for 6542 Mckellips Rd
- Year built
- 2023
- Lot size
- 1.63 lot acres
- Property size
- 10,095 SF
- Property type
- Day care centers
- Property subtype
- Retail properties & Spaces
Description
This exceptional investment opportunity presents a brand-new, 10,095-square-foot daycare facility in Mesa, Arizona, fully occupied by The Learning Experience under a 20-year net lease (NNN) commencing October 1, 2024, and expiring September 30, 2044. The property boasts a 5.95% cap rate and a strong NOI of $434,085, with a sale price of $7,295,000 ($722.63/sq ft). Situated on a 1.63-acre lot at 6542 E McKellips Rd (APN: 141-65-082A, 141-65-083A, 141-65-084A & 141-65-085A), this property benefits from a prime location near major roadways, including E McKellips Road (49,585 vehicles per day) and AZ-202/Red Mountain Hwy (67,862 vehicles per day), within the high-growth Phoenix MSA. The property is strategically positioned near numerous national retailers, including Target, Home Depot, Safeway, and more, ensuring high visibility and accessibility. The lease includes 10% rent increases every five years, providing built-in inflation protection. Built in 2023, the facility features a 20-year roof warranty. This investment offers a compelling combination of a strong tenant, long-term lease, and significant upside potential, making it an ideal addition to any portfolio. The tenant, The Learning Experience, is a rapidly expanding national franchise with over 600 locations. This property represents a rare opportunity to acquire a high-quality, net-leased asset with exceptional long-term growth prospects.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mesa
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.69
- Latitude
- 33.4519
